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Energy company Elektroprivreda Republike Srpske (ERS) will issue bonds on the Vienna stock exchange in January next year. It is the first such decision by state energy companies in the region.
Prime Minister of the Republic of Srpska Radovan Višković confirmed that electricity company Elektroprivreda Republike Srpska (ERS) would raise funds by issuing bonds and listing them on the Vienna Stock Exchange.
Višković stressed that the government, which owns the majority of ERS, has given its consent and that it is a good test for the company to test the demand for its debt in the international financial market.
ERS has no money for investments
Višković noted that ERS finances important projects from its own resources, such as the one for the Bistrica hydroelectric power plant worth 110 million euros.
ERS has not increased the price of electricity for business customers and households, and it needs to secure money for investment, he stressed.
Finance Minister of the Republic of Srpska Zora Vidović announced in October that ERS would list bonds worth EUR 140 million on the Vienna Stock Exchange. The funds are intended for the construction of the Dabar and Bistrica hydroelectric power plants, she added.
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